Statement of Receipts and Payments

Calculating how much money is in the Bank at the end of the month

Statement of Receipts & Payments

Starts with the money in the Bank at the beginning of the month

Lists all Receipts (money coming in from customers) from the Cash Receipts Journal

And all Payments (money being paid out) from the Cash Payments Journal

Calculates the money at the end of the month

Date Details Rec

NoFees Sundries GST Bank

Feb 1 Fees 01 100 10 110

3 Fees 02 300 30 330

7 Fees 03 200 20 220

13 Fees 04 400 40 440

15 Fees 05 50 5 55

21 Fees 06 110 11 121

26 Fees 07 200 20 220

28 Fees 08 350 35 385

29 Fees 09 490 49 539

31 Fees 10 60 6 66

Total 2260 226 2486

Cash Receipts Journal

Statement of Receipts & PaymentsBank at beginning 100Add ReceiptsFees 2260GST Collected 226 2486

2586Less PaymentsRent 500Stock 500Electricity 400Petrol 50Drawing 500GST Paid 145 2095Bank at end 491

Date Details Chq

NoRent Sundries GST Bank

Feb 1 Rent 01 100 10 110

2 Stock 02 300 30 330

8 Rent 03 100 10 110

14 Electricity 04 400 40 440

15 Rent 05 100 10 100

22 Rent 06 100 10 100

28 Petrol 07 50 5 55

29 Rent 08 100 10 110

30 Drawings 09 500 500

31 Stock 10 200 20 220

Total 500 1450 145 2095

Cash Payments Journal

Statement of Receipts & Payments Exercises Go to the wiki Prepare a Statement of Receipts &

Payments for each of the businesses.